Morgan Stanley Ranks #2 in Central European M&A Survey

In its August 1999 edition, Central European rates international and local investment banks demonstrating winning M&A advisory work in the region. Morgan Stanley ranks second.

  

In its August 1999 edition, Central European rates international and local investment banks demonstrating winning M&A advisory work in the region. Morgan Stanley ranks second. Central European reports, "Morgan Stanley, whose M&A skills won it work earlier this year in western Europe defending luxury goods firm Gucci against French predator Louis Vuitton Moët Hennessy, comes a close second to Deutsche with two deals worth a total of $1.19bn. It also advised Investor Group, working together with Deutsche. Greek firm Hellenic Telecommunications chose Morgan Stanley to advise on its $675m acquisition of 35% in Romania's Rom Telecom."

Central European based its ratings on advisory work carried out on acquisitions made in central Europe between June 1, 1998 and May 31, 1999. Deals included in the survey were only those which were completed and for which a price was disclosed. The rankings were based on the cash volume of the deals completed.

Top M&A Advisors in Central and Eastern Europe
Rank Advisor Total Value ($millions) Number of Deals
  1 Deutsche Bank 1,316 4
  2 Morgan Stanley 1,185 2
  3 Credit Suisse First Boston 1,043 4
  4 Schroders    932 4
  5 Polish Institute of Management    830 2
  6 Dresdner Kleinwort Benson    775 3
  7 PricewaterhouseCoopers    727 3
  8 Goldman Sachs    675 1
  9* UBS    510 1
  9* CIBC    510 1
11 Merrill Lynch    325 1
12 Enskilda    230 4
13 Epic    218 8
14 Daiwa    200 1
15 ABN Amro    184 3
16 Lazards      81 1
17 CAIB Investmentbank      78 2
18 EuroCorporateFinance      53 1
19 Eric Levine & Co.      45 1
20 Salomon Smith Barney      43 2